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Results (10,000+)
Jonathan C. Losing money on turnkey property. Should I sell?
24 March 2024 | 19 replies
And in the end didn't make me money and the loans I had on them actually prevented me from getting additional loans on other better deals.Anyway, here are the specifics:1) purchased 7/1997 @ $80k, $500 down payment, cashflow appx $150/mth as long as there were no major repairs or maintenance items, great % returns but very little $ returns.Sold 5/2016 @$67k, after about $7k rehabwas about $250/mth cash flow at time of saleOh, and it took many months to sell, therefore costing me additional holding costs with no cash flow2)  purchased 9/1998 @ $71k, Similar and same area as #1 - $500 down payment, cashflow appx $150/mth Sold 4/2016 @$72k,after about $9k rehabwas about $250/mth cash flow at time of saleand also took many months to sellFor fun, I just looked up their zillow as of today and 1 recently resold for $85kNow, today, there are a lot more resources to easily research market areas, etc, so I now do more research to find markets with more demand and growth potential. 
Sumiya Mahmud Needs suggestions for good property management companies in Houston/Woodland areas
24 March 2024 | 10 replies
A good handyman and possibly a realtor for future leases/other items and you should be good.
Wesley Oaks Developing and Starting Small
23 March 2024 | 8 replies
For every singular item you need to go right there are 10 things that can go wrong. 
Asia Latta Tips for Building a Buyer's List in Kansas City
22 March 2024 | 4 replies
I would recommend you read the book 'ninja selling,' as it provides you with a solid plan and schedule filled with action items to follow and execute to get results (if you follow it) And its not cringey, salesman strategies.
Michelle Mayfield Which states/markets would be the best to do seller/owner financing in and why?
22 March 2024 | 3 replies
Have items removed from it and then buy some trade lines to boost your score in just a few months. 
Amy Hu How to put 750 hours to qualify as real estate pro for tax
22 March 2024 | 19 replies
thanks If you bought it vacant, then many of the expenses may have in fact been acquisition costs to be added to basis or depreciated separately. 100% bonus depreciation was available on certain improvements or items PURCHASED AND PLACED IN SERVICE after 9/27/17.The 750 have to be in Development or redevelopment, Construction or reconstruction, acquisition or conversion, rental, management or operation, leasing, brokerage.
Ryan Sun Inquiry About Receipts and Fees from PM Company
22 March 2024 | 7 replies
On the monthly statements it should have an itemized bill. 
John Franczyk Any info on Atlas Roofing in Deerfield Beach?
21 March 2024 | 1 reply
But in a big $ item, like a FULL tile roof replacement, get 2-3 quotes. 
Joshua Walker FHA Loan Appraisal -Safety Issues
21 March 2024 | 1 reply
A 2nd appraiser may not flag the same items at all; speaking from experience.
Justen Ashcraft Occupancy question
21 March 2024 | 3 replies
When I finished my closing There is an attached rider ( 1-4 Family Rider, assignment of rents) to the deed stating that Covenant Item 6 of the Security Deed is deleted.